This quiz works best with JavaScript enabled. Home > Accounting > Accounting Information Systems > Accounting Information Systems – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Accounting Information Systems Quiz 1 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The type of business that is considered to have the most difficult and complex accounting information system. A) Commerce. B) Industry. C) Serve. D) Financial institution. Show Answer Correct Answer: B) Industry. 2. Citizen development is a business process that encourages non-IT trained employees to become software developers, using IT-sanctioned low-code / no-code (LCNC) platforms to create business applications. Which category of social issue is it? A) Employment. B) Skilling and deskilling. C) Digital divide. D) Information warrior. Show Answer Correct Answer: B) Skilling and deskilling. 3. Economic agents are individuals and departments that participate in an economic event. They are parties both inside and outside the organization with discretionary power to use or dispose of economic resources. A) True. B) False. Show Answer Correct Answer: A) True. 4. Income summary closed to owner's capital. A) General Journal. B) Sales Journal. C) Cash Receipt Journal. D) Cash Payment Journal. E) Purchases Journal. Show Answer Correct Answer: A) General Journal. 5. The revenue cycle refers to the process of business activities and data processing related to any matter. A) Receiving orders. B) Receiving goods. C) Repayment of debt. D) Employee Salary Payment. Show Answer Correct Answer: A) Receiving orders. 6. What is the relationship between database entities? A) Entity. B) Attributes. C) Relationships. D) Domain. Show Answer Correct Answer: C) Relationships. 7. At present, why is knowledge and understanding of information technology important to accountants? A) Accounting information systems tend to be more computer intensive. B) Setting up an accounting information system requires knowledge of information technology. which is a component of the accounting information system. C) The independent auditor must understand the workings of the computer systems used to process accounting data. To make the audit work more efficient. D) All correct. Show Answer Correct Answer: D) All correct. 8. The process and purpose of data in a data flow diagram are symbolized by symbols..... A) Circle. B) Rectangle. C) Line two. D) Arrow. Show Answer Correct Answer: B) Rectangle. 9. A purchase of equipment using cash is recorded inthe: A) Cash receipts journal. B) Cash payments journal. C) Purchases journal. D) General journal. Show Answer Correct Answer: B) Cash payments journal. 10. ..... is a design technique which involve the design of software on real-world objects which consists of both data and procedures that process them rather than traditional design where procedures operate on separate data. A) Database design. B) Object-oriented design. C) Prototyping design. D) Normalization. Show Answer Correct Answer: B) Object-oriented design. 11. Sale of land for cash A) General Journal. B) Sales Journal. C) Cash Receipt Journal. D) Cash Payment Journal. E) Purchases Journal. Show Answer Correct Answer: C) Cash Receipt Journal. 12. Information is a business resource. A) TRUE. B) FALSE. Show Answer Correct Answer: A) TRUE. 13. Manual activities on the flow chart are symbolized by images..... A) Rectangle. B) Circle. C) Inverted trapezoid. D) Rectangle. Show Answer Correct Answer: C) Inverted trapezoid. 14. The basic principles of an accounting informationsystem include all of the following except A) Cost-effectiveness. B) Flexibility. C) Useful output. D) Periodicity. Show Answer Correct Answer: D) Periodicity. 15. What information should not appear on the billing form? A) Name of business location. B) Customer details. C) Terms of sale. D) Name of managing director. Show Answer Correct Answer: D) Name of managing director. 16. What is the main purpose of the ordering and receiving system? A) Collecting, recording, and summarizing accounting information. B) Able to collect money into business quickly and according to schedule. C) Ordering at the lowest price and receiving the product according to the desired standard and on time. D) Bringing raw materials into the production process Controlling the efficient use of labor and machinery. Show Answer Correct Answer: C) Ordering at the lowest price and receiving the product according to the desired standard and on time. 17. Received credit for merchandise purchased on credit. A) General Journal. B) Sales Journal. C) Cash Receipt Journal. D) Cash Payment Journal. E) Purchases Journal. Show Answer Correct Answer: A) General Journal. 18. A DFD is a representation of which of the following? A) The logical operations performed by a computer program. B) Flow of data in an organization. C) Decision rules in a computer program. D) Computer hardware configuration. E) Computer hardware database. Show Answer Correct Answer: B) Flow of data in an organization. 19. The entries in a sales journal will show A) The credit sales of merchandise. B) All sales of the company. C) All sales of merchandise. D) The cash sales of the company. Show Answer Correct Answer: A) The credit sales of merchandise. 20. Which is not a characteristic of good information? A) It is compact. B) Complete and complete. C) There are many and various. D) It is reliable and accurate. Show Answer Correct Answer: C) There are many and various. 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